Half of the Valley Fair Mall is in Santa Clara, CA while the other half is in San Jose. Because San Jose has a minimum wage of $10.15 while Santa Clara’s is $8.00, the stores at the mall have a problem. Minimum Wages Issues For some stores, the big...... [read more]

Our Sunday Charts The 2014 Big Mac Index is out and not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. As The Economist explains, starting in 1986, they wanted to take a lighthearted look at whether currencies...... [read more]

I wonder if we could say that Mayor de Blasio’s sick leave proposal dates back to 1895. 119 years ago, concerned with the harm that a “biscuit, bread, cake bakery or confectionery establishment” could inflict on its employees, New York...... [read more]

Because it would be wonderful if we all knew Adam Smith, I was delighted that President Obama quoted him in a recent speech. However, Smith’s relevance to a minimum wage boost is a bit of a leap. Discussing economic mobility, the President quoted Adam...... [read more]